This property looks like a bad Long-Term investment with a projected -18.52% first-year return on $172k initial cash invested.
-18.52%
Cash On Cash
2.4%
Cap Rate
0.4
DSCR
$3,431
Rent
-$2,661
Cashflow
Cash Flow
$3,431 income − $6,092 expenses = $2,661 out of pocket
Investment Breakdown
|
Purchase Price
$821k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,210
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,431
Total Expenses
$6,092
Mortgage P&I
120%
$4,132
Property Taxes
23%
$773
Home Insurance
9%
$294
HOA
0%
$0
Property Management
10%
$343
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0